The Securities and Exchange Commission (SEC) announced its revocation of the corporate registration of Infinity8Networks Digital Services OPC and the slapping of an administrative fine of P1 million against the firm for illegally soliciting investments from the public. In an order, the SEC...
The Securities and Exchange Commission (SEC) has approved the planned issuance by Century Properties Group Inc. (CPGI) of up to P5 billion worth of preferred shares subject to some conditions. In a disclosure to the Philippine Stock Exchange (PSE), CPGI said it has received the Pre-Effective Letter...
The Securities and Exchange Commission (SEC) has filed a criminal complaint against Eton Phil Non-Specialized Wholesale Trading for its alleged unauthorized investment solicitation activities. The SEC identified the top company officials and agents of Eton Trading as respondents in the criminal...
The Securities and Exchange Commission (SEC) has issued advisories to the public against dealing with BNY PAL (Benta Paluwagan) and One 1Key Progress Booster (OKPB) Inc. due to their unauthorized solicitation of investments without the necessary license from the Commission. The SEC said BNY PAL...
The Securities and Exchange Commission (SEC) reported that it has registered a new record in terms of company registrations in 2023, a testament to the ease with which new businesses can be established in the Philippines. In a statement, the SEC said a record high of 46,445 firms successfully...
On the back of its record performance in 2023, the Securities and Exchange Commission (SEC) is heading towards 2024 with “optimism and vigor” to help advance the national government’s vision of robust economic growth. SEC Chairperson Emilio B. Aquino said that “2023 was a record year for...
The Securities and Exchange Commission (SEC) has made it easier for corporations to comply with their reportorial requirements. This is done by integrating certain reportorial requirements with the registration process and providing for the automatic enrollment of newly registered corporations in...
The Securities and Exchange Commission (SEC) has ordered Superbreakthrough Enterprises Corporation to stop illegally soliciting investments from the public. The Commission En Banc directed Superbreakthrough Enterprises, which has been doing business under the name 1UP Time, to immediately cease and...
Securities and Exchange Commission (SEC) Chairperson Emilio B. Aquino wrapped up a milestone year with the Outstanding Professional of the Year Award from the Professional Regulation Commission (PRC). The award was given in recognition of his contributions in the field of accountancy. SEC...
The Securities and Exchange Commission (SEC) is warning the public against investing in Iloilo-based Salon de Pamplona as it was found to be soliciting investments without the necessary licenses. In an advisory, the Commission said that Salon de Pamplona is not authorized to sell or offer...
The Securities and Exchange Commission (SEC) exempted the Philippine Stock Exchange (PSE) from the 20 percent cap of ownership so it can acquire full ownership of the Philippine Dealing System Holdings Corporation (PDS Group). In a statement, the SEC said it has approved the application of the PSE...
The Securities and Exchange Commission (SEC) reported that the principals of Kapa Community Ministry International Inc. (KAPA), touted as the largest investment scam in Philippine history, have been sentenced to suffer the penalty of life imprisonment. They have been convicted for syndicated estafa...
